Mon, Jun 03, 2013 - Page 14 News List

Taiwan News Quick Take

Staff writer, with CNA

TRADE

TAITRA to host trade meet

More than 160 trade meetings are to be held on June 18 as part of the government’s efforts to achieve annual export growth of 5.5 percent, the Taiwan External Trade Development Council (TAITRA, 外貿協會), said on Saturday. About 20 distributors, dealers and agents from eight emerging markets have been invited to attend, the council said. Among the attendees will be company representatives from Russia, Mexico, Turkey, the United Arab Emirates, India, Indonesia, Vietnam and China, it said. Local firms in the sectors of information and communications technology; bicycles; clothing; medical equipment; auto components and parts; and machinery are expected to attend to seek cooperation with overseas counterparts, it said. Taiwan has been focusing on emerging markets for exports this year as the global economy continues to be mired in uncertainty, the council added.

ELECTRONICS

Eson makes TWSE bid

Eson Precision Industry Co (乙盛精密工業), a China-based electronics component maker, has filed an application with the Taiwan Stock Exchange (TWSE) to launch a primary listing on the main board, the exchange said on Friday. In its prospectus, Eson Precision, which was incorporated in the Cayman Islands and has paid-in capital worth NT$1.53 billion (US$51 million), is planning to issue 19.11 million new shares for the listing. The company said it aims to raise about NT$668.7 million from the share sale and has tentatively set the issue price at NT$35. Eson Precision said it will use the funds as working capital for future expansion and to strengthen its financial structure. The fundraising is set to be completed in the fourth quarter of this year, the company said.

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